1. EXPANDED JOURNAL
Lesson 10-1, page 229

2. PURCHASING MERCHANDISE FOR CASH
November 1. Purchased merchandise for cash, $ Check No. 290.
Cash
Purchases
1. Which accounts are affected?
Purchases
Cash
Debit
Normal Balance
575.00
2. How is each account classified?
Purchases is a cost account.
Cash is an asset account. 
Debit
Normal Balance
3. How is each classification changed?
Costs are increased.
Assets are decreased.
575.00 
4. How is each amount entered in the accounts?
Costs increase on the debit side.
Assets decrease on the credit side.
Lesson 10-1, page 231

3. PURCHASING MERCHANDISE FOR CASH 1 6 3 2 4 5
1. Write the date.
2. Place a check mark in the Account Title column to show that no account title is needed.
3. Write the check number.
4. Place a check mark in the Post. Ref. column to show that amounts are not to be posted individually.
5. Write the debit amount.
6. Write the credit amount.
Lesson 10-1, page 231

4. TERMS REVIEW partnership partner merchandising business
retail merchandising business
merchandise
wholesale merchandising business
cost of merchandise
markup
vendor
Lesson 10-1, page 232